A university police department receives an average of 3.7 reports per week of lost student ID cards.
Question:
a. Find the probability that at most 1 such report will be received during a given week by this police department. Use the Poisson probability distribution formula.
b. Using the Poisson probabilities table, find the probability that during a given week the number of such reports received by this police department is
i. 1 to 4
ii. At least 6
iii. At most 3 Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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